When Carrying Costs Are Stated as a Percentage of Unit

question 36

Multiple Choice

When carrying costs are stated as a percentage of unit price, the minimum points on the total cost curves:

• A)Line up
• B)Equal zero
• C)Do not line up
• D)Cannot be calculated
• E)Depend on the percentage assigned

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Definitions:

Community Property

A legal concept used in some states that dictates that property acquired by either spouse during the marriage is owned equally by both spouses.

Easement

A right granted to use another person's property for a specific purpose, such as right of way.

Joint Tenancy

A form of property ownership in which two or more parties own a property together, with rights of survivorship.

Community Property

A type of shared asset ownership usually among married couples, in which properties obtained while married are equally held by each partner.